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0.24%

$2.08 nearmap ltd

Ann: H1 FY2019 Preliminary Results - Continued Strong Growth, page-22

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stayer

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11/01/19

14:18

Post #: 37093103
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Originally posted by TitusPullo ↑

"DJ Nearmap Price Target Raised 2.2% to A$2.30/Share by Canaccord Genuity"

"Canaccord lifts its price target and FY19-21 forecasts for Nearmap, a provider of high-resolution aerial images, following this week's upbeat trading update but worries it's not being bullish enough. Annualized deal value totaled A$78.3M ($56.2M) in 1H, representing a 4% beat to Canaccord's A$75.2M expectation. So, the investment bank increases its ACV forecasts by 3% each year through FY21, adding that it sees potential for further upside "as Nearmap maintains its positive sales momentum, particularly in the US." Over the coming years Nearmap "has a tremendous reinvestment capability to accelerate its growth and technology moat with more than A$120m gross profit accretion (FY19-FY21) and A$80M cash on hand," the investment bank adds"

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yeh mate -even though i have some that owe me about 12c or so, i bought more yesterday in low $1.70s -mind u i had offloaded many here and there along the way but bought and sold as well -sold 1.40 and 1.70 last spike -might hang in with these latest till about $3 -i think their target too low!!!

NEA Price at posting: $1.83 Sentiment: Hold Disclosure: Held
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